2024 Second Quarter Summary
First quarter link 👉🏻2024 First Quarter Summary and Reflections 👇
Second quarter monthly earnings chart:
There was a slight loss in April and a slight profit in May; the overall trading results were quite difficult.
Second quarter yield curve:
Total loss of 0.51%, lagging behind the overall market (SPX +4.13%)
YTD YIELD YIELD CURVE:
It has continued to lead the market since the beginning of the year, and the magnitude has been brought closer.
Top 5 winners in the second quarter:
$ProShares Ultra Bloomberg Natural Gas(BOIL.US$ （+4.2%) After 2 months of operation, it has experienced a wave of upward trend. The core position is about 3.X%, which brought 4.2% profit to the account. Currently, there are no positions. Another small position, a big contribution, but the overall operation is very exhausting for part-time traders.
$NVIDIA(NVDA.US$ （+2.47%) Using about 8% of the position, a wave of upward trend riding for about 3 weeks contributed 2.47% profit to the account. Currently, he has no positions. He continues to be optimistic about him in the future, and wait patiently for the next setup opportunity.
$Royal Caribbean(RCL.US$ （+0.95%) Up to now, it has brought 0.95% profit to the account, and currently 1/2 of the position is still riding.
$Netflix(NFLX.US$ （+0.72%) Currently, it has brought a profit of 0.72% to the account, and currently still has about 80% of the original position, which is still riding.
$Palantir(PLTR.US$ （+0.65%) Currently, it has brought 0.65% profit to the account, and the current largest position is still riding.
Top 5 losers in the second quarter:
$Rocket(RKT.US$ （-0.8%) The loss was already stopped, causing a 0.8% loss to the account; the bad part of this trade was that it only used a large position (14%) based on setup and cycle advantages, and the purchase point was not an actual breaking point. Traders paid for their own actions and needed to review this transaction over and over again to avoid making similar trading decisions in the future.
$LendingTree(TREE.US$ （-0.45%) It brought a 0.45% loss to the account. Due to excessive chasing, loose tail settings often mean a low success rate, and a time when emotions are overheated, you need to calm down and find reasons not to participate in the transaction.
$Warrior Met Coal(HCC.US$ （-0.44%) It caused a loss of 0.44% to the account. The entire transaction was carried out according to the procedure, and it was a normal stop-loss exit.
$Oscar Health(OSCR.US$ （-0.4%) It brought a 0.4% loss to the account, slightly excessive chasing of trades, and a normal stop-loss exit. A single one-day candle reaction could not determine the future direction.
$Pubmatic(PUBM.US$ （-0.4%) It brought a loss of 0.4% to the account, and a normal stop loss during the trading process.
In addition to the above, there are many stop-losses of 0.2%-0.4%.
Summary: China participated in 77 transactions this quarter, slightly lower than 82 in the first quarter; the transaction win rate was 27%, far lower than 44% in the first quarter;
There is still some excessive trading. Although the trading process, use of stop losses, setting options, and entry timing were significantly improved compared to the first quarter, there is still some room for improvement, especially in terms of setting choices and entry timing.
Although the trading results of the second quarter were far less than those of the first quarter, there were significant improvements in the overall transaction process, and the results have not been reflected in the short term. I'm not really worried about this. These good processes will slowly be reflected in future trading results over time.
Nor will I change my style because of this season's trading results falling short of the market, because I clearly knew what I wanted from the beginning to the end. This goal hasn't changed in the past, hasn't changed now, and won't change in the future; continue to optimize processes and details, fix shortcomings in past transactions, and work hard 🚴🏻
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
